Dow Jones Futures; YM1! – 2H 2023, 3d chart
Posting this to track the progress in the Dow Jones futures.
Currently forming a rounded top, expecting it to behave like a rising wedge. If you expect this to go bearish, don't be surprised if we get an overthrow before it breaks down. If it does breakdown, this forms a perfect double top.
If this breaks out and sustains the breakout, look to the following time periods for similar price action:
Currently forming a rounded top, expecting it to behave like a rising wedge. If you expect this to go bearish, don't be surprised if we get an overthrow before it breaks down. If it does breakdown, this forms a perfect double top.
If this breaks out and sustains the breakout, look to the following time periods for similar price action:
- Q2-Q3 2018, or,
- First half 2019